Wednesday February 21, 2018
Home Uncategorized SC dismisses ...

SC dismisses Yakub Memon’s plea on death warrant

0
//
26
Republish
Reprint
yakub-memon_650x488_51437965025
picture from- www.ndtv.com

New Delhi: Curtains came down on the legal battle of 1993 Mumbai serial bomb blasts convict Yakub Memon as the Supreme Court on Wednesday dismissed his petition that sought a stay on his execution slated for July 30.

“Issuance of death warrant cannot be faulted with,” said the apex court bench headed by Justice Dipak Misra, while rejecting Memon’s plea.

Pronouncing the order, Justice Misra said, “we don’t find any legal fallacy” with the issuance of death warrant by the TADA court on April 30.

The court order came after a day-long hearing on the petition by Memon and also a reference by two judge-bench on the appropriateness of another bench that had heard Memon’s curative petition and rejected it on July 21, 2015.

This reference was made following a split verdict between Justice Anil R. Dave and Justice Kurien Joseph on Tuesday.

Dealing with the reference, the court said that the curative petition that “was decided by the three senior most judges cannot be regarded as void or inappropriate” in context of the principle that was laid down by this court in an earlier judgement famously known as Hurra case.

“Thus, we disagree with the views expressed by Justice Joseph at this juncture,” the court said, holding that “dismissal of curative petition by the three senior most judges has to be regarded to be correct and not vitiated by any procedural irregularity”.

Without saying anything on the second mercy petition moved by Memon before the Maharashtra governor after the rejection of his curative petition by the apex court on July 21, the court brought an end to the legal battle being waged by Memon challenging his death sentence.

Memon and 11 others were slapped with the death penalty by the special TADA court in July 2007 for the 1993 bomb blasts in which 257 people were killed and 712 were injured.

Meanwhile, Maharashtra Governor C.V. Rao on Wednesday rejected death row convict Yakub Memon’s plea for clemency.

(IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Punjab National Bank detects $1.8 bn fraud at a Mumbai branch, Links to Nirav Modi

Punjab National Bank, the second largest public sector bank in India

0
//
27
Punjab National Bank is India's second largest bank. Wikimedia Commons
Punjab National Bank is India's second largest bank. Wikimedia Commons
  • Punjab National bank has detected a $1.8 billion fraud
  • The fraud happened in their Mumbai branch
  • The matter has been referred to law enforcement

Punjab National Bank, the second largest public sector bank in India, has detected a $1.8 billion fraud in one of its branches here, the bank said in a regulatory filing to the stock exchanges on Wednesday.

Punjab National Bank experiences a fraud of $1.8 bn.
Punjab National Bank experiences a fraud of $1.8 bn.

“The bank has detected some fraudulent and unauthorised transactions (messages) in one of its branch in Mumbai for the benefit of a few select account holders with their apparent connivance,” the filing by the bank said.

It had quoted the quantum of such transactions was to the tune of around $1,771.69 million (around Rs 11,515 crore).

The amount of fraudulent transactions is equivalent to eight times the bank’s net income of about Rs 1,320 crore ($206 million).

Also Read: Raghuram Rajan: The Man Who Revolutionized The Indian Banking System

This case has happened at a time when the Indian banking system is already grappling to tackle its swelling non-performing assets.

“Based on these transactions other banks appear to have advanced money to these customers abroad. In the bank these transactions are contingent in nature and liability arising out of these on the bank shall be decided based on the law and genuineness of underlying transactions,” the filing said.

Punjab National Bank's Mumbai branch is now under high scrutiny. Wikimedia Commons
Punjab National Bank’s Mumbai branch is now under high scrutiny. Wikimedia Commons

The bank informed: “The matter is already referred to law enforcement agencies to examine and book the culprits as per law of the land.”

On February 5, the Central Bureau of Investigation had booked billionaire diamond service provider Nirav Modi, his brother, wife and an enterprise companion for allegedly cheating Punjab National Bank of over Rs 280.70 crore last year.

Also Read: Con man in Delhi Duped Amazon for over Rs. 50 Lakh; Arrested by Delhi Police for Fraud

Following the complaint, the CBI registered a FIR under the Indian Penal Code sections related to criminal conspiracy, cheating and provisions of the Prevention of Corruption Act against the four.

The stock of Punjab National Bank was trading at Rs 149.20 per share, down 7.70 percent at the BSE at 1.59 p.m. IANS

Next Story